Trudeau Resignation, Parliament Prorogue Delays Canadian Financial Crime Overhaul

Lincoln Caylor provided comment in the MLex article Trudeau Resignation, Parliament Prorogue Delays Canadian Financial Crime Overhaul, reassuring that despite the delays caused by Prime Minister Justin Trudeau’s resignation and the suspension of Parliament, there is still strong support for the anti-financial crime reforms. He believes the new government will likely follow through with the FATF recommendations, similar to the previous government's plans.

The article discussed the following items:

• Trudeau's resignation and the prorogation of Parliament will delay plans to strengthen anti-money laundering laws.
• The delay won’t change Canada’s commitment to fighting financial crime, but it will affect the timing of reforms.
• A national election could delay the implementation of these changes.
• Caylor and others are optimistic that the next government will continue with the proposed anti-crime measures.